|Bid||118.08 x 800|
|Ask||118.20 x 800|
|Day's Range||116.93 - 120.19|
|52 Week Range||93.00 - 125.33|
|Beta (3Y Monthly)||0.66|
|PE Ratio (TTM)||21.89|
|Earnings Date||Jun 20, 2019|
|Forward Dividend & Yield||3.00 (2.58%)|
|1y Target Est||128.14|
Various sales-boosting initiatives, coupled with aggressive cost-cutting measures, position Darden (DRI) for impressive earnings in fourth-quarter fiscal 2019.
Investors will be keeping an eye on earnings reports from Adobe and others, Slack Technologies IPO on Thursday, and the Fed interest-rate decision on Wednesday.
There's a reason why Canopy Growth Corporation (NYSE:CGC) could be one of the first marijuana stocks to be a real winner in the race to profitability. The reason is simply that Canopy is forward thinking with its various moves. Initiatives like its mega-sized deal with beverage giant Constellation Brands (NYSE:STZ), partnerships into the burgeoning pet care market for CBD and its recent buyout of U.S.-focused Acreage Holdings have made CGC stock the king of the marijuana hill.Source: Shutterstock All have been designed to take CGC-grown products and get them into as many users as possible. They're also great for providing Canopy with plenty of extra funding. Which is why its latest move may be absolutely perfect for investors.Canopy is seriously considering placing its greenhouse assets into a real estate investment trust (REIT).InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe benefits to doing that could be a huge win for both CGC, its shareholders and potentially the shareholders of the REIT itself. In the end, it's just another example of how Canopy Growth could be the only marijuana stock you need to own. CGC Stock Looks to Monetize Its AssetsThanks to their vice-like nature, cannabis companies have had to get creative to when it comes to raising capital. Most banks won't lend to them and it's only recently that a few of them have been able to tap the debt markets with any success. And here, none have issued a straight corporate bond, they've all been convertible or hybrid debt deals. For Canopy, this has meant running a pretty conservative ship with low leverage and high assets on its balance sheet. * 10 Stocks That Every 30-Year-Old Should Buy and Hold Forever In order to fund its expansion efforts, it has turned to deals like its partnership with STZ. That gave CGC a cool $4 billion to play with, while Constellation gets access to Canopy's products for sale. But there are other ways to get needed funding, especially if you are asset rich.To that end, CGC may be looking into a vehicle to hold its vast portfolio of greenhouses, processing facilities and other real estate assets. We're talking about a REIT.In essence, REITs are a specialized tax structure designed to hold real estate assets. As long as they pay out 90% of their cash flows as dividends to investors, they are allowed to avoid the double taxation on dividends. Investors love them as this tax structure allows REITs to yield in the 4% to 7% range. Their cash flows are secured by the rents paid by their tenants. It turns out a greenhouse to grow marijuana is really no different than an office building or apartment. Someone rents the building and then cuts the landlord a check every month.For CGC, this could be a great way to monetize its more than 5 million square feet of growing space. Canopy would mostly do a sale-leaseback transaction. This transaction would provide Canopy a huge initial cash infusion as it places these warehouses into a REIT and sells off the shares to the public. It would then rent its warehouses back from the REIT.This sort of deal to monetize a firm's vast real estate assets is actually pretty commonplace. Troubled retailer Sears spun-out its holdings as Seritage Growth Properties (NYSE:SRG) to raise cash. Darden Restaurants (NYSE:DRI) placed roughly 240 of its restaurant sites Four Corners Properties Trust (NASDAQ:FCPT).And while tax-free REIT spin-offs are now verboten by the IRS, they can happen in Canada and sale-leasebacks are still cool here in the U.S. In fact, CGC buyout target Acreage Holdings recently agreed to sell cannabis REIT GreenAcerage Real Estate. Incidentally, Acreage -- and now Canopy -- owns a 20% stake in GreenAcerage. CGC Stock Investors Would Win As WellBut it's not just Canopy Growth that benefits in this sort of transaction. Investors will benefit as well.For one thing, a REIT spin-off/sale brings in plenty of cash to CGC for expansion efforts. The firm estimates that the assets could be worth a "couple billion dollars." Canopy is looking to expand into the U.S. and Europe as the legalization of cannabis comes to fruition. That includes building out at least seven hemp processing facilities within the next 12 months. This will allow it to build scale, expand geographically and actually make the most out of its deals with Constellation and others. After all, it needs to the pot to sell. * 7 U.S. Stocks to Buy With Limited Trade War Exposure Secondly, the spinout itself could be very beneficial to investors. Last summer, CGC completed the spin-off of its venture capital investment arm: Canopy Rivers Corporation. That spin-off has and did very well after being cut free and CGC was able to raise some much-needed capital. However, a Canopy REIT could do much better. Just look at the returns for cannabis-REIT Innovative Industrial Properties Inc (NYSE:IIPR). It has doubled since the start of the year and pays a good 1.83% yield. There's no reason to believe that a REIT by the marijuana stock wouldn't have those kinds of returns behind it. CGC Continues to Be At the ForefrontNow, Canopy hasn't officially announced that it's doing this, but it has mentioned it now twice this year alone. And considering that Acreage Holdings has already undergone a similar transaction and Canopy has done spin-outs before, there's a good chance that CGC will do this sooner than later. When it does, it'll be another prime example of why the firm is one of the best in the marijuana sector.It keeps making forward-looking moves that will benefit investors for years to come. Its REIT plans are just another example of this and CGC stock remains a great long-term buy.At the time of writing, Aaron Levitt did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post This Is Why a REIT Could Be Great for Canopy Growth Stock appeared first on InvestorPlace.
Darden Restaurants (DRI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Today we'll look at Darden Restaurants, Inc. (NYSE:DRI) and reflect on its potential as an investment. In particular...
El Pollo Loco CEO joins Yahoo Finance to discuss President Trump's latest threat of tariffs against Mexico.
Darden Restaurants Inc NYSE:DRIView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for DRI with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding DRI totaled $3.51 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. DRI credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Eddie V’s Prime Seafood from Darden Restaurants Inc. (NYSE: DRI) is close to a deal to open in downtown D.C., years after it begun looking for space in the District proper. Eddie V’s is in late-stage negotiations to take over the Tadich Grill restaurant space on Pennsylvania Avenue NW, according to two sources familiar with the talks. The restaurant, which serves a menu of steaks and seafood, may also be taking the neighboring Au Bon Pain space. The retail brokers representing the landlord, an entity affiliated with TIAA-CREF, declined to comment. The restaurant closed in 2018 amid lawsuits. The Tadich space is 7,385 square feet, and Au Bon Pain locations average around 2,700 square feet.
Hedge funds are not perfect. They have their bad picks just like everyone else. Facebook, a stock hedge funds have loved dearly, lost nearly 40% of its value at one point in 2018. Although hedge funds are not perfect, their consensus picks do deliver solid returns, however. Our data show the top 20 S&P 500 […]
ORLANDO, Fla. , May 29, 2019 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE: DRI) plans to release its fiscal 2019 fourth quarter financial results before the market opens on Thursday, June 20, 2019 ...
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
April 2, 2019, started like any other spring day for members of the fledgling Orlando Apollos football team, as they took the field to practice for their next game, throwing and catching passes, running plays and performing drills. In a prepared joint statement with the general manager and team president, Spurrier later said he was "shocked and incredibly disappointed" by the league's decision and felt grateful to the team's players, coaches, staff, corporate partners and especially the fans, who "fervently supported" the Apollos as Orlando's professional football team. The Orlando Apollos football team, which played its home games at the University of Central Florida's Spectrum Stadium, lasted only eight weeks.
Leo Fasciocco is a technical expert that specializes in stocks that have broken out of recent trading ranges. Here, the editor of Ticker Tape Digest looks at two recent breakout buys -- Darden Restaurants (DRI) and Costco Wholesale (COST).
Mcdonald's (NYSE:MCD) brings predictability in a volatile world and the past few weeks has demonstrated McDonald's stock has the same stability.Source: Mike Mozart via FlickrInvestors have been feeling the whiplash of the last couple of weeks. Major indices swinging a full percentage points intraday or a couple of points in one direction, then reversing the next have become the new normal. Volatility reared its head but seems to have died down just as quickly as it rose.Over the last two weeks, the S&P 500 has lost 0.8 percent. Meanwhile companies like McDonald's and Darden Restaurants, Inc. (NYSE:DRI) looked really strong amidst the volatility. Both stocks posted gInvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy for Over 20% Upside Potential ains with McDonald's stock up almost a percent over the time period and DRI making a big 4.5 percent up.Even Chipotle Mexican Grill, Inc. (NYSE:CMG) has been making new highs, indicative of the demand for names in the restaurant sectors though still looking expensive from a valuation standpoint. A Closer Look at McDonald's StockIt may be surprising for some investors to hear that Mcdonald's bought a machine learning startup called Dynamic Yield for $300 million in March. Yes, it is at its core a fast casual chain, but that's just the past and the present. In the future Mcdonald's will still be selling Happy Meals but how they sell in undergoing a shift.The future is about understanding customers and how to improve sales based on its dynamic menu. Taking into account factors like weather, the technology will redesign the display on the menu. On a hot day, for example, McFlurry's are likely to be front and center.MCD will be rolling this AI technology out across 1,000 locations in the next couple months and will eventually reach all 14,000 US restaurants as well as their international stores.It's hard to assess just how much this will add to the Company's top line as it isn't exactly an event-based catalyst. What it does ensure is consistent revenue growth over the next few quarters as the technology extends throughout their entire ecosystem of restaurants.While it's true that MCD stock doesn't look particularly cheap at 26x earnings, with the addition of AI technology, they have here another lever for growth. So maybe 26x isn't all that rich a multiple after all. An Upscale AlternativeDRI had a big third quarter, showing that momentum is on their side. Total sales increased 5.5 percent and same-restaurant sales increased as well to the tune of 2.8 percent. Standout performers for comp sales included Olive Garden (up 4.3 percent), LongHorn Steakhouse (up 3.8 percent) and The Capital Grille (up 4.3 percent).After a tepid second quarter with just 2.1 percent growth in same-restaurant sales, DRI has bounced back. Expectations for the fourth quarter are in line with the most recent quarter.Darden exceeded top line expectations due to market share gains. This reaffirms that management's strategy is working. Across the portfolio of 1,700 restaurants, Darden continues to invest in brands that create exceptional dining experiences. Management has also continued to support its shareholders with a continuation of its share repurchase program.Given the strong quarterly figures, Darden increased its financial outlook for fiscal 2019 and for the fourth quarter. Sales growth notched up to match the third quarter number of 5.5 percent as did expectations for comparable sales growth. All in all, it paints a rosy picture for DRI stock in the second half of the year.As of this writing, Luce Emerson did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Over 20% Upside Potential * 5 Large-Cap Stocks Holding Steady Amid Trade War Concerns * 7 ETFs for Healthy Healthcare REITs Compare Brokers The post McDonald's Stock Is One of Two Restaurant Stocks for Stability appeared first on InvestorPlace.
Brinker's (EAT) ambitious expansion plans, along with sales building, digital, operational and remodeling initiatives, are encouraging. High costs remain a concern.
An investor group managing some $5 trillion said it was pleased with the steps taken by fast-food companies to cut the use of antibiotics in their products and will continue to monitor firms as its three-year-long engagement comes to an end. Resistance to antibiotics has been flagged as a major risk to public health and economic growth by policymakers and the investor action formed part of global efforts to fight back by curtailing their use in the foodchain. All the companies engaged now had a formal policy in place or were expected to release one soon, and some were even outpacing the demands of increasingly tougher local regulations, the report from FAIRR seen by Reuters showed.
The world's 10 biggest restaurant companies, arranged by market capitalization – from McDonald's to Brinker International – are mostly chain operations.
As of midnight this morning, the U.S. boosted tariffs on $200 billion worth of Chinese goods from 10% to 25%. The markets had expected this to be the week that this deal got done, but it blew up instead, and no one is sure how it ends at this point. It seems the market is still hoping for the best, while hedging for bad news. But it certainly hasn't priced in a worst-case scenario … yet.A couple positives: The tariffs don't hit until the current fleet of cargo ships that left port as of the deadline hit U.S. shores. That gives the parties a softer deadline of about 3-4 weeks to hammer something out before the tariffs take effect.And remember, regardless of the rhetoric, this is going to hit U.S. consumers and business. The companies will be paying more for goods and passing those prices on to consumers. It hits China, too, but the lion's share is out of U.S. pocketbooks.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSecond, economic numbers out of China have been trending down. That means they may be more interested in cutting a deal than they were when their numbers were coming in well above average. * 7 Cloud Stocks to Buy on Overcast Days Regardless of how it pans out, it's a good time to add some income to your portfolio. These 7 dividend stocks to buy as the trade war reignites all get As in my Portfolio Grader for their momentum and rank high for fundamentals as well. They're great long-term foundation stocks. Best Dividend Stocks: Blackstone Group LP (BX)Source: Shutterstock Dividend Yield: 5.5%Blackstone Group (NYSE:BX) is a private equity firm that specializes in alternative investments (like real estate, infrastructure, etc), hedge funds and investment funds -- including closed-end funds -- for institutions and high-net-worth individuals.Set up as a limited partnership, it means investors are direct owners that participate in the company's net profits in the form of dividends. Its current dividend is a healthy 5.5% in the past year, and that's on top of a nearly 25% run for the stock in the past 12 months. That's a very respectable return on one of the world's top private equity firms that sports a $47 billion market cap.BX is built for a slow-growth economy. What's more, if a full-blown trade war does show up, this is the kind of stock that institutions will flock to for shelter from any storms. Dominion Energy (D)Source: Shutterstock Dividend Yield: 5%Dominion Energy (NYSE:D) is one of the top electric utilities on the East Coast. Its primary market is Virginia, but it has reach into neighboring states and its unregulated business has prized assets like its Cove Point liquified natural gas (LNG) export facility in Maryland.Cove Point is the only LNG export facility on the East Coast at this point and one of only three import and storage facilities. This is a huge asset that grows in value for the utility every year, given the demand for natural gas in Europe, where prices are significantly higher.D also has a very good relationship with Virginia regulators, so that side of the business is strong. * 7 Dangerous Dividend Stocks to Stay Far Away From While the stock is up a solid 18% in the past 12 months, its rock-solid dividend kicks in another 5% on top of that. Its Mid-Atlantic Pipeline project has hit some snags, but the President Donald Trump administration is prepared to get the project done one way or the other. Darden Restaurants (DRI)Source: Mike Mozart via Flickr (Modified)Dividend Yield: 2.5%Looking for restaurant dividend stocks? Darden Restaurants (NYSE:DRI) sold its iconic Red Lobster seafood chain about 5 years ago now, and it hasn't looked back.Remember, it still owns Olive Garden and LongHorn Steakhouse chains at the "everyman" level and high-end spots like Eddie V's and Capitol Grille. What's more, it has some mid-priced boutique restaurants like Seasons 52, Bahama Breeze and Yard House in there as well.The point is, losing Red Lobster was a great opportunity to pivot into new markets and develop new ideas. And given the fact DRI stock started way back in 1938, staying nimble and seeing the next big thing coming along is part of its DNA.Given the continued strong economy -- more money for consumers to go out for bite more often -- its 33% return is impressive, but not surprising. There's more of that to come. Its reliable 2.5% dividend isn't a bell-ringer, but it shows that the company is investor friendly and that it can deliver, come what may. Hormel Foods (HRL)Source: Mike Mozart via Flickr (Modified)Dividend Yield: 2.1%Hormel Foods (NYSE:HRL) began in 1891 in Austin, Minnesota, as a meat packing business that started national expansion ahead of the competition.Not only did HRL produce the first canned ham in the U.S., but it transformed that business by the 1930s into brands that live on today like Hormel Chili, Dinty Moore Stew and SPAM. Remember, this was at the height of the Depression and HRL was actually expanding its product line downwards so that people could buy cheap, quality food products.By the late '30s, HRL had introduced profit sharing for its employees.And that sense of loyalty combined with innovation has continued at the company. It now owns natural meat brands like Columbus and Applegate, as well as ethnic brands like Chi-Chi's, Embasa and Del Fuente. It even has its Hormel fuse burger brand that's a lean protein burger with whole grains and veggies. * 10 Great Stocks to Buy on Dips This is a competitive sector, but HRL has proven it can compete and endure where others flame out. Its 2.1% dividend is as reliable as sunrise; it's a great long-term foundation stock. Realty Income (O)Source: Shutterstock Dividend Yield: 4%Realty Income (NYSE:O) is a real estate investment trust (REIT) that owns and operates properties for some of the biggest retail names in the business.Bear in mind, it doesn't operate big malls, but generally stand-alone properties. It's top 5 tenants, in order, are Walgreens (NASDAQ:WBA), 7 Eleven, FedEx (NYSE:FDX), Dollar General (NYSE:DG) and LA Fitness. Its longer list of tenants is equally impressive.What's more, O pays its dividend monthly rather than quarterly, so it's a great choice for income seekers that want to diversify their income stream. Right now, it's delivering a 4% dividend that has been rock-solid for many years.And on the growth side, O stock is up 28% in the past 12 months. Given the slow-growth economy ahead, that's just the tip of its potential. REITs are one of the hottest sectors for 2019 and beyond. Kinder Morgan (KMI)Source: Roy Luck via FlickrDividend Yield: 5.1%Kinder Morgan (NYSE:KMI) calls itself an energy infrastructure company, but what that means in laymen's terms is it's a major midstream energy company. Boiled down further, it's a energy pipeline and storage company.And that is a very good business to be in these days.Granted, it wasn't an easy path to get here. KMI used to be one of the first master limited partnerships in the burgeoning energy industry at the turn of the 21st Century. But when energy prices tanked and supply dried up, KMI dumped its MLP structure and became a corporation. That was 2014.Now, the stock is back, along with energy demand both domestic and abroad. And KMI is once again delivering an outsized dividend, just like in the good ol' days. * 7 Strong Buy Stocks That Tick All the Boxes Currently KMI stock, which is up 18% for the year, is paying out a healthy and sustainable 5.1% dividend. And if this slow, steady economic growth continues, so will the returns for KMI stock and many of its fellow dividend stocks. Qualcomm (QCOM)Source: Shutterstock Dividend Yield: 2.9%Qualcomm (NASDAQ:QCOM) may seem like an odd stock to be in a short list of dividend stocks, but it actually makes a lot of sense.First, QCOM, one of the leading mobile chip and equipment makers and licensing companies, has paid a dividend for a pretty long time.Second, now that all its lawsuits are over, QCOM is ready for the next wave of mobility technology products.Recently, the Justice Department interceded in a case before the Federal Trade Commission about the size of QCOM's royalty payments. It recommended that the FTC go easy on the firm because the U.S. needs a reliable 5G partner that's U.S.-based.This rekindled affection for QCOM is evident in the stock's 51% return in the past 12 months. It has been a few years since the stock has been in favor, so there's plenty of headroom left.Plus, its nearly 3% dividend is a welcome kicker for this top-performing tech on the rebound.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Cloud Stocks to Buy on Overcast Days * 6 Stable Stocks Worth Buying for Protection * 5 Active Vanguard Funds That You Have to Own Compare Brokers The post 7 Dividend Stocks to Buy as the Trade War Reignites appeared first on InvestorPlace.
Growth in adjusted EBITDA favors Wendy's (WEN) first-quarter 2019 earnings and an increase in company-operated sales aids the top line.
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Wingstop's (WING) first-quarter 2019 results gain from higher royalty revenues and franchise fees as well as improvement in advertising fees and related income.
Papa John's (PZZA) top line declines year-over-year in first-quarter 2019due to dismal domestic company-owned restaurant sales, lower North America commissary sales and soft international sales.
Note: Advertising strategy is an important part of the restaurant business. Skift Table continues to look at the top spenders on television ads for the previous month across the industry. The answer to where restaurant chains should allocate TV advertising dollars in April was not as cut and dry as say the Super Bowl in […]